Honkamp Krueger Financial Services Inc. Acquires 300 Shares of Mcdonald’s Corp (NYSE:MCD)

Honkamp Krueger Financial Services Inc. boosted its holdings in Mcdonald’s Corp (NYSE:MCD) by 1.8% in the 4th quarter, HoldingsChannel reports. The firm owned 16,818 shares of the fast-food giant’s stock after purchasing an additional 300 shares during the quarter. Honkamp Krueger Financial Services Inc.’s holdings in Mcdonald’s were worth $3,323,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MCD. Salomon & Ludwin LLC boosted its position in shares of Mcdonald’s by 3.7% during the 2nd quarter. Salomon & Ludwin LLC now owns 1,280 shares of the fast-food giant’s stock valued at $266,000 after acquiring an additional 46 shares during the last quarter. Larson Financial Group LLC lifted its position in Mcdonald’s by 10.1% in the third quarter. Larson Financial Group LLC now owns 535 shares of the fast-food giant’s stock worth $115,000 after buying an additional 49 shares during the last quarter. Northstar Asset Management LLC lifted its position in Mcdonald’s by 0.8% in the third quarter. Northstar Asset Management LLC now owns 6,698 shares of the fast-food giant’s stock worth $1,438,000 after buying an additional 50 shares during the last quarter. Cahaba Wealth Management Inc. lifted its position in Mcdonald’s by 5.2% in the third quarter. Cahaba Wealth Management Inc. now owns 1,019 shares of the fast-food giant’s stock worth $218,000 after buying an additional 50 shares during the last quarter. Finally, Woodstock Corp lifted its position in Mcdonald’s by 0.3% in the third quarter. Woodstock Corp now owns 19,866 shares of the fast-food giant’s stock worth $4,265,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds own 67.23% of the company’s stock.

A number of brokerages recently issued reports on MCD. Deutsche Bank began coverage on Mcdonald’s in a research report on Tuesday, November 26th. They issued a “hold” rating and a $193.00 price target for the company. Credit Suisse Group lowered their price target on Mcdonald’s from $236.00 to $230.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. SunTrust Banks lowered their price target on Mcdonald’s from $240.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Royal Bank of Canada initiated coverage on Mcdonald’s in a research note on Monday, December 9th. They issued an “outperform” rating and a $218.00 target price on the stock. Finally, Robert W. Baird reduced their target price on Mcdonald’s from $230.00 to $225.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $223.54.

Shares of Mcdonald’s stock opened at $207.32 on Wednesday. The firm has a market cap of $156.09 billion, a P/E ratio of 26.24, a P/E/G ratio of 2.90 and a beta of 0.45. Mcdonald’s Corp has a 12 month low of $173.41 and a 12 month high of $221.93. The stock’s fifty day moving average price is $198.25 and its 200-day moving average price is $206.33.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 22nd. The fast-food giant reported $2.11 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.10). The firm had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.47 billion. Mcdonald’s had a net margin of 28.09% and a negative return on equity of 85.71%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.10 EPS. As a group, research analysts forecast that Mcdonald’s Corp will post 7.84 earnings per share for the current year.

In other news, CEO Christopher J. Kempczinski purchased 2,580 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were purchased at an average price of $193.81 per share, for a total transaction of $500,029.80. Following the completion of the purchase, the chief executive officer now owns 2,580 shares in the company, valued at approximately $500,029.80. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director John J. Mulligan purchased 1,300 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were purchased at an average price of $193.46 per share, for a total transaction of $251,498.00. Following the purchase, the director now owns 2,900 shares of the company’s stock, valued at approximately $561,034. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 7,380 shares of company stock worth $1,430,223. Insiders own 0.25% of the company’s stock.

Mcdonald’s Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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